How much do London workers spend on rent? #london #renting

How much does it cost to rent an apartment in London? Find out how much of their salary London workers in Canary Wharf are spending on rent.

#london #londonlife #londontiktok #canarywharflondon #workers #renting #rentingproblems #rentinginlondon #rentingapartments #rentingtips #londonrenting #streetinterview #streetinterviews #voxpop

[stephenw]

"That's reasonable" from the last bloke. Clearly earns a lot and lives in Central London.
No-one doing a 'regular' job can afford to live in London. Rent prices are hugely unreasonable.

[indiasinkwell]

Rent is money you’ll never see again, your mortgage is money you probably will. The last guy is a doughnut.

[nitomurray]

Last fella is a tool. He may be paying more, but he is gaining a house. The renter however is just spunking that money to pay for someone else's mortgage.

[ThecovertCustomer]

Mines nearer 60%. It’s horrendous as you can’t save, you can’t afford an emergency pot of funds. Basically for a lot of people it’s working to live which isn’t living, it’s an existence.

[BillboTKD]

25% or under seems like a reasonable limit for rent or mortgage and bills, anything else is ridiculous

[ZxrBlue]

Rent or a morgage shouldnt cost more than 25% for someone to have a life. 50% or higher is insane.

[stencil]

Nice comment from the oblivious yogurt with a mortgage, well done matey

[bkkp]

When I lived in Thailand, I had a detached house with a pool and my rent and utility bills came to just under 10% of my salary. In the UK utility bills alone take up about 10%. We get shafted on every front here and it's a terrible place to live.

[abraxadabra]

The last guy is not in touch with reality. He's the 1% from the finance sector.

[bushwhackeddos.]

A wonderful economic system run for the benefit of the 1%

[sebiejohnson]

This as been a talking point for the last 2 decades the Govt does nothing to rectify this situation as.most been in the UK hav there biggest investment in property so they cannot allow this to crash as the banks will be underwater as well u need to thank Ms Thatcher for this situation as she was the one who kicked off private ownership and created debt for the banking Fraternity

[BigLu]

The last guy who thinks spending 50% of your salary on rent is reasonable is deluded. In 1979 when BoE interest rates were 17% the percentage of monthly income spent on rent was about 42%. It's worse today.

[baizhuwaitingroom]

partner and I rent a one bedroom apartment and roughly one paycheck (sometimes more, sometimes less, depends how many hours we got) goes out the window each month just to cover rent, council tax and bills. then put some money into savings, if possible. and then you still have to buy food. barely anything left after that. and that's the two of us. if you're single, forget about your own apartment.

[Isomoar]

What happens when you elect politicians who are landlords i guess 😂

[anaisgrigri]

I find it weird the guy that says his mortgage is 50% if his salary…. Either he knows the person that accepted his mortgage, or he changed job for something that pays way less (which is uncommon). They don’t accept your mortgage to be more than 25-30% of your salary…

[DynamicalisBlue]

I was thinking of moving out of my parents house until I calculated how much it would cost.
After 45% salary on rent, then council tax, utilities, essential food, some money put away for weekends, I’m left with £200/m to either save or indulge myself with.
Or… stay at home and pay for a local travel pass, and I’m left with over £800/m.
I’d have to earn at least £2500/m for it to be even worth to live in my own (not so big) place.
(I’m outside of London)

[salahz]

I personaly dont think you should pay rent for more than 50% of your salary.

[thecollector]

I pay just under a third and already cry every time that money leaves my account. 😮

[mary.t.]

My rent is 65%. For a lot of people its closer to 70-80%. Anyone saying 50% or less is doing well

[Deleted]

That last fella was a young Tory in the making, the exact same ridiculous, unthoughtful response you’d get from Rees-Mogg, Sunak or one of the other freaks.